$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are in an UpTrend.
/CL – UpTrend with downward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar is in an upTrend.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – DownTrend with downward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Oil is trending downward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending downwards. These are mixed signals. It is a risk-off market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – Sideward Trend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.573. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.04. Vix – 16.95.
Market Internals are showing weakness.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLY, XLK, XLI, SPY, /ES, XLF, XLU, XLP, XLB, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, XLK, XLY, XLI, SPY, /ES, XLF, XLB, XLP, XLV, XLU and XLE.
9 April 2021 – A bullish week
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are in an UpTrend.
/CL – UpTrend with downward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar is in an upTrend.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – DownTrend with downward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Oil is trending downward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending downwards. These are mixed signals. It is a risk-off market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – Sideward Trend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.573. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.04. Vix – 16.95.
Market Internals are showing weakness.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLY, XLK, XLI, SPY, /ES, XLF, XLU, XLP, XLB, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, XLK, XLY, XLI, SPY, /ES, XLF, XLB, XLP, XLV, XLU and XLE.
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